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Ken C. Hicks has served as president and chief merchandising officer since January 2005. Ken leads all merchandising initiatives to ensure that the Company is providing a broad selection of private, national and exclusive brands that offer great style and quality at smart prices, including the recent launch of two new concepts, Sephora Inside JCPenney and American Living by POLO Ralph Lauren’s Global Brand Concepts. He joined the Company in 2002 as president and chief operating officer of JCPenney stores and merchandise operations. Previously, Ken was president of Payless Shoe Source and executive vice president of merchandising and programming for the Home Shopping Network. Ken has also held a number of senior merchandise positions at May Department Stores and was a senior engagement manager at McKinsey & Co. Ken serves on the boards of the Avery Dennison Corporation, National 4-H Council and Southern Methodist University’s Cox School of Business. | 